Hong Kong, April 02, 2025 — TOP WIN INTERNATIONAL LIMITED (Nasdaq: TOPW), a Hong Kong-based wholesaler specializing in the trading, distribution, and retail of international luxury watches, has announced the pricing of its initial public offering (the “Offering”). The company will offer 2,664,000 ordinary shares (the “Ordinary Shares”) at a price of $4.00 per share (the “Offering Price”).
The Ordinary Shares are approved for listing on the Nasdaq Capital Market and are scheduled to begin trading on April 2, 2025, under the ticker symbol “TOPW.” The Offering is expected to close on April 3, 2025, pending standard closing conditions.
Top Win anticipates gross proceeds of approximately US$10.6 million from the Offering, before deducting underwriting discounts and other offering expenses. Additionally, the underwriters have been granted a 45-day option (the “Over-Allotment Option”) to purchase up to 399,600 additional Ordinary Shares at the Offering Price, representing 15% of the Ordinary Shares sold in the Offering (the “Over-allotment”).
The company plans to allocate the net proceeds to: (i) brand marketing and promotion; (ii) expansion of the sales team and regional growth, including in Southeast Asia; (iii) diversification of sourcing and inventory; and (iv) working capital and general corporate needs.
The Offering is being managed on a firm commitment basis. Dominari Securities LLC is the representative of the underwriters, with Revere Securities LLC as the co-underwriter (collectively, the “Underwriters”) for the Offering. Ortoli Rosenstadt LLP, Harney Westwood & Riegels, and Stevenson, Wong & Co. are serving as U.S., Cayman Islands, and Hong Kong legal counsel to the Company, respectively. Marcum Asia CPAs LLP is the independent registered public accounting firm for the Company. The Crone Law Group, P.C. is acting as U.S. counsel to the Underwriters for the Offering.
The Offering is being made through the Company’s Registration Statement on Form F-1 (File No. 333-283448), which was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on March 27, 2025. The offering is being made only by means of a prospectus, which is part of the Registration Statement, and a free writing prospectus. These documents are available for free on the SEC’s EDGAR website at . Copies of the final prospectus related to the Offering can be obtained, when available, from Dominari Securities LLC via email at , via standard mail to Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor New York, NY 10022, or by phone at +1 (212) 393-4500; or from Revere Securities LLC via email at , via standard mail to Revere Securities LLC, 560 Lexington Avenue, 16th Floor, New York, NY 10022, or by phone at +1 (212) 688-2350.
Investors should read the prospectus and other documents filed or to be filed with the SEC for more information about the Company and the Offering before investing. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. Furthermore, there will be no sale of these securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
About TOP WIN INTERNATIONAL LIMITED
TOP WIN INTERNATIONAL LIMITED, headquartered in Hong Kong, is a holding company that operates through its Hong Kong subsidiary, Top Win International Trading Limited, a wholesaler involved in the trading, distribution, and retail of luxury watches. Utilizing strategic sourcing and offering a wide selection of over 30 internationally recognized watch brands, Top Win connects global suppliers with buyers across the Asia-Pacific luxury market, leveraging Hong Kong’s position as a leading regional hub.
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Forward-Looking Statement
This press release includes forward-looking statements regarding plans, objectives, goals, strategies, future events or performance, and underlying assumptions, as well as other statements that are not statements of historical facts. The use of terms such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters identifies forward-looking statements. These forward-looking statements include, without limitation, statements about the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the Company’s expectations. These uncertainties and risks include, but are not limited to, those related to market conditions and the completion of the initial public offering on the anticipated terms or at all, as well as other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are cautioned against placing undue reliance on these statements. Additional factors are discussed in the Company’s filings with the SEC, which are available at . The Company does not undertake any obligation to revise these forward-looking statements publicly to reflect events or circumstances that occur after the date of this release.
For more information, please contact:
WFS Investor Relations Inc.
Janice Wang
Email:
Tel: +1 628 283 9214 | +86-1381-176-8559
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